Oil Prices

Price per barrel of WCS oil in US dollars.

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WTI Oil ($US/bbl)

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Analysis

PUBLISHED - Mar 23, 2017

The West Texas Intermediate (WTI) price of oil, often a world reference price quoted in the media, averaged US$53.46 a barrel in February 2017, 74.6% higher than it was a year earlier.  Western Canada Select (WCS), the price obtained for many Alberta producers for oil, average US$39.14 a barrel in February 2017, 140.1% higher than it was a year earlier. The differential of WTI over WCS was US$14.32 in February 2017.